Shiba Inu remains under heavy selling pressure as the coin trades near $0.0000041, failing to stage a sustainable rebound through July. Since the start of 2026, SHIB has consistently posted lower highs and lower lows, signifying a prolonged downtrend for the popular meme coin.
SHIB struggles to regain momentum
The loss of a rising channel that had previously supported price action between March and May triggered a sharp decline for SHIB. After breaching the channel’s lower edge, the token has yet to reclaim major moving averages. The 50-day exponential moving average (EMA) stands above $0.0000045, while the 100-day and 200-day averages are positioned even higher, highlighting the persistent bearish structure.
Trading activity has contracted to its narrowest range in nearly a year. Despite the low volatility potentially suggesting market stabilization, the reduced trading volume indicates ongoing reluctance from buyers. The coin’s relative strength index (RSI) is currently around 35, signaling proximity to oversold conditions, yet a clear reversal remains absent.
Analysts note that the first step for bulls is to move SHIB above the 50-day EMA and establish support above $0.0000045. Without this development, any rebound is likely to be short-lived. If selling persists, SHIB may approach the $0.000004 mark or even test support levels established earlier this year.
Solana charts steady mid-term outlook
Solana maintains a notably stronger technical structure than many of its large-cap peers, despite its recent correction. After rebounding from June lows around $60, SOL climbed above $80 before entering a new consolidation phase. The token is currently priced near $76, holding above its 50-day and 100-day moving averages.
Recent declines have produced a small descending wedge pattern, a technical shape that often precedes continued recovery in bullish environments. Sellers have not managed to breach critical support near the $73–$74 zone, and the RSI sits near 50, reflecting neutral market dynamics. Should sentiment improve across the broader market, this neutral momentum provides potential for another upward move.
The 200-day moving average at $80–$81 presents the next major resistance. A breakout above this area could create a path to the $90–$95 range. However, a loss of support around $73 would weaken Solana’s recovery and could trigger a move back toward the lower $70s.
| Coin | Current Price | Major Support | Major Resistance | Key Technical Indicator |
|---|---|---|---|---|
| SHIB | $0.0000041 | $0.000004 | $0.0000045 (50-day EMA) | RSI ~35 |
| SOL | $76 | $73–$74 | $80–$81 (200-day MA) | RSI ~50 |
| HYPE | $61 | $57–$58 | $64–$65 (50/100-day MA) | RSI ~42 |
| XRP | $1.09 | $1.00 | $1.12–$1.24 | RSI ~46 |
Hyperliquid holds firm amid consolidation
Hyperliquid remains one of the most resilient large-cap digital assets despite a recent drop from local highs close to $75. The project, known for its decentralized perpetuals exchange, soared from below $30 to over $75 earlier in the year before pausing in a consolidation pattern rather than initiating a major reversal.
After declining through the $64–$65 support, where both the 50-day and 100-day moving averages converge, HYPE now trades around $61. Bulls need to move the price back above this region to accelerate the recovery. The larger trend retains a positive bias, as HYPE remains well above the 200-day EMA at $57 and its 200-day moving average at $49.
A notable rebound occurred as the price neared the $58 area, signaling that buyers view dips as opportunities to accumulate rather than as triggers to exit. Trading volumes during the pullback have also eased, and the RSI has cooled to about 42, erasing much of the excess from the previous rally.
If momentum returns, a move above $65 could test $70 and challenge the yearly high. However, renewed selling that breaches the $57–$58 support area may cause a faster drop toward the key 200-day trend line.
Mini dictionary: Hyperliquid, a decentralized derivatives protocol, specializes in providing permissionless trading of perpetual contracts for cryptocurrencies while operating without order books on the Ethereum network.
XRP remains at a critical juncture
XRP is trading near $1.09 and faces a tightening technical structure. A descending resistance line and rising support have formed a contracting triangle, bringing the asset ever closer to a decisive move. The dominant trend continues to favor the bears, with all major moving averages from the 50-day to the 200-day positioned above the current price between $1.10 and $1.24.
XRP’s $1.00 support has endured several tests throughout July, preventing a deeper decline even as sellers kept up the pressure. A breakout above $1.12 could target resistance toward $1.24, while a breakdown below the rising support line would re-expose $1.00 and deal a significant blow to recovery prospects.
The RSI sits close to 46, mirroring market indecision. With the triangle pattern narrowing, an imminent resolution seems likely; however, there is currently no clear dominance from bulls or bears.
